PO has a thread where he states he couldn't pull anything with it. . . . Also I'm wonder if the PO couldn't tow anything with it I might not be able to either and I will be getting a camper soon!
I would not not pull with it either unless the rear was upgraded. The Ho's rear is lighter duty as compared to the pickup and Burb. There is a 'Police package' for the Ho that some confuse as making it heavy duty, but IIRC this just adds a transmission cooler and heavier brakes, not the truck rear.
For a towing configuration, (in addition to the stated mods), I'd make sure the Ho has an aux trans cooler, a good rear, 3-1/2" wide rear shoes, and upgrade the front brakes to the 1 ton parts.
To bring the point full circle . . . A stock Ho's rear and brakes were sized to pretty much handle just its own weight. Towing is possible, but not upgrading the rear will lead to its failure and not upgrading the brakes will result in uncomfortable stopping plus short rotor life from warpage. So, the Ho can tow, but will need mods to get it there. Good news part is that the parts are commonly available.
In terms of the drilled rotors, consider replacing them with a solid disc from either a 3/4 or better yet 1 ton.
How should this truck drive?
If it has a tune that matches the turbo, from a standing-start 0 - 60 it should puff some gray smoke at launch, smoke should clear fairly quickly, and it should get to 60 in about 10 - 12 seconds. Power should remain a solid pull all the way to 60 as the Holset should light fairly early. Black smoke indicates it is either dumping too much fuel or starving for air. White smoke indicates coolant (can also indicate the motor is cold). Blue smoke means oil.
Also, take a look at the air filter. If it has radial creases (ex: around the 'middle' of the filter), it is collapsing from not flowing enough air under heavy load. Cure is to replace with a bigger element.
In terms of comparing the gasser to diesel. The difference comes when climbing mountains at speed. At 70 mph, the gassers will downshift as they climb significant grades where the diesel will just walk right up without breaking a sweat.